Loss in PMC patient revenue offset by grants

Petersburg Medical Center continues to see lower than expected inpatient, outpatient and long term care resident income as a result of the COVID-19 pandemic, but $2.2 million in grants is making up for the loss, according to PMC Controller Rocio Tejera at the PMC Board of Directors meeting on Jan. 28.

Halfway through the 2021 fiscal year on Dec. 31, PMC had a total gross patient revenue of $1,370,614, which was 4.4 percent lower than budgeted, according to PMC financial statements. Year to date, the hospital had brought in $8,754,461, but during the same timeframe last year, PMC had a total gr...